Tillman Fiber has secured an additional USD 1 billion in financing for its deployment of Fiber-to-the-Home (FTTH) networks throughout Florida. The open-access fiber infrastructure provider announced that it had successfully closed USD 815 million in committed debt financing, with the new credit facility also providing for up to USD 200 million of additional term loans.
Also Read: Tillman Fiber Expands Fiber Optic Network in Florida
Major Financing
In May 2024, Tillman confirmed that, in collaboration with a tier-one US mobile operator, it would deliver symmetrical gigabit broadband internet access and services to residential customers in the state.
The financing round was led by a syndicate comprising Credit Agricole Corporate and Investment Bank, Goldman Sachs Bank USA, JPMorgan Chase Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Societe Generale, and Banco Santander. This capital infusion follows Tillman Fiber's announcement of its Florida expansion earlier this year.
Expanding Network Across Key Florida Regions
Its fiber network in Florida will extend to serve the Tampa Bay, Panhandle, South, and South West regional areas, including the cities of St. Petersburg, Fort Myers, Naples, Pensacola, Miami, Palm Beach, Ft. Lauderdale, and Kissimmee.
"This additional financing represents a transformative moment for Tillman Fiber as we accelerate the deployment of our FTTH network in Florida and beyond," said Tillman Fiber.
"Our open-access infrastructure model is instrumental in providing high-quality broadband services to communities and supporting our broader mission of promoting digital inclusion. With the rise in remote work, the increasing demand for 8K video streaming, gaming, and the growing significance of artificial intelligence applications, our network is exceptionally positioned to meet these evolving requirements."
Also Read: Tillman Infrastructure Secures USD 1 Billion Financing for Expansion
Initial Investment
This funding follows an initial USD 250 million investment from Northleaf Capital Partners, with the potential for an additional USD 250 million as Tillman Fiber scales its operations.
Tillman Fiber
Founded in 2021, New York-based Tillman Fiber designs, builds, and owns high-speed Internet infrastructure. Tillman Fiber is part of the Tillman Global Holdings portfolio, a holding company that invests in, owns, and operates telecommunications and energy infrastructure businesses.
